ACG Acquisition (LON:ACG) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity raised its price objective to GBX 2,170 (from GBX 2,040) and kept a "buy" rating, implying a potential upside of about 32.32%; Berenberg also reiterated a buy with a GBX 2,100 target and the consensus target is GBX 2,135.
• ACG completed the Gediktepe mine acquisition in September 2024 and expects the asset to transition to primary copper and zinc production by 2026, targeting steady-state annual copper-equivalent production of 20–25 kt.
• Shares opened at GBX 1,640, valuing the company at £379.2 million with a P/E of 33.47 and a 52‑week range of GBX 420–1,790.

ACG Acquisition (LON:ACG - Get Free Report) had its price objective increased by analysts at Canaccord Genuity Group from GBX 2,040 to GBX 2,170 in a note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 32.32% from the stock's current price.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 2,100 price objective on shares of ACG Acquisition in a report on Monday, January 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 2,135.

ACG Acquisition Price Performance

Shares of LON ACG opened at GBX 1,640 on Tuesday. The stock has a market capitalization of £379.20 million and a price-to-earnings ratio of 33.47. The business has a 50-day moving average of GBX 1,431.14 and a 200-day moving average of GBX 1,247.67. ACG Acquisition has a fifty-two week low of GBX 420 and a fifty-two week high of GBX 1,790.

ACG Acquisition Company Profile

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics. In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 55koz of AuEq in 2024. ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.

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